fOLLOWING THE PROBLEMS IN THE SUB-PRIME LENDING MARKET AND THE RECENT PROBLEMS IN THE UK WITH NORTHERN ROCK AHD HBOS, UNCERTAINTY HAS NOW REACHED THE JAPANESE MARKETS.
IN THE LAST FIVE DAYS THE ORIGAMI BANK HAS FOLDED, THE SUMO BANK HAS GONE BELLY UP AND BONSAI BANK PLANS TO CUT SOME OF ITS BRANCHES.
iT WAS ANNOUNCED ON TUESDAY THAT KARAOKE BANK WILL BE SOLD OFF, ITS SHARES LIKELY GOING FOR A SONG, WHILE TODAY, SHARES IN THE KAMIKASE BANK WERE SUSPENDED AFTER THEY NOSE-DIVED.
SAMURAI BANK IS SOLDIERING ON DESPITE SHARP CUTBACKS AND THE NINJA BANK IS REPORTED TO HAVE TAKEN A HIT, BUT IS STILL IN THE BLACK.
FURTHER NEWS JUST IN REPORTS THAT 500 STAFF AT THE TOKYO BRANCH OF THE KARATE BANK GOT THE CHOP. ANALYSTS ALSO REPORT SOMETHING FISHY GOING ON OVER AT THE SUSHI BANK, WHERE IT IS FEARED THAT SHAREHOLDERS AND STAFF MAY GET A RAW DEAL